Queensland Numbered Acts

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QUEEN'S WHARF BRISBANE ACT 2016 - SECT 13

Meaning of holding entity

13 Meaning of holding entity

(1) An entity (the
"second entity" ) is the
"holding entity" of another entity (the
"first entity"
"" ) if the first entity is a subsidiary of the second entity.
(2) For deciding whether the first entity is a subsidiary of the second entity, if the first entity is a trustee of a trust and the second entity holds interests in the trust, the definition subsidiary applies with any necessary changes as if—
(a) the trust were a body corporate; and
(b) interests in the trust were shares in the body corporate; and
(c) a meeting of members of the trust were a general meeting of the body corporate; and
(d) the appointment of a trustee for the trust were the election of the directors of the body corporate; and
(e) if the second entity holds the interests in the first entity as a trustee of a trust—that trust were a body corporate.



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